As credit unions continue to experience double digit growth, the value proposition the credit union has to its members will be paramount to sustain this. Partnering with the right vendor allows the credit union to remain competitive. An infusion of new capabilities from a vendor, which did not exist before, will keep members interested while opening new markets. Without spending huge resources, vendor relationships can accomplish everything from initial research to product launches.

OYSTER BAY, N.Y.—The president of GrooveCar is doing his part to preserve the history of the American automobile industry, recently opening Collector Car Showcase, an 18,00-square-foot museum that display cars going back to the early 1900s.

GrooveCar’s CUXpress Lease, a lease product for credit unions and its members, conducted a survey with dealerships located in New York, New Jersey and Massachusetts on the benefits of offering lease products. With strong economic indicators suggesting 2015 will show solid growth potential for many segments of the automotive industry, as reported by Experian Automotive—we polled our dealerships to get their opinion on leasing. It was excellent news, indeed.